Matter of deduction

This query is : Resolved

Guest

Guest (Querist)

05 April 2012 gud evening to all experts,
in saving account if interest will upto 10 thousand than will we can take deduction on income tax return

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 You will get the deduction of Max 10,000 from the next year(F.Y 2012-13) onwards.

Guest

Guest (Querist)

05 April 2012 in which section

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 Proposed section 80TTA

Guest

Guest (Querist)

05 April 2012 thanks sir can u tell me another thing . means can i claim hra deduction and deduction of home interest together

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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05 April 2012 Yes you can claim the deduction of HRA if you staying in rented premises and you are the owner of one house.
The house which you own will be SOP.

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